Free electronic deposits. First 25 manual deposits (at your local Kiwibank) free per business month, then $1 per manual deposit

First 25 electronic deposits free per business per month, then $0.35 per electronic deposit. First 25 manual deposits (at your local Kiwibank) free per business per month, then $1 per manual deposit

First 100 electronic deposits free per business per month, then $2 per electronic deposit. First 100 manual deposits (at your local Kiwibank) free per business per month, then $2 per manual deposit

Transfers (for electronic transfers between your Kiwibank accounts)

Free

Free

Free

Withdrawal fee - ATM

Free

N/A

N/A

Withdrawal fee – automatic payment and bill payment

Free

$0.35 per withdrawal

N/A

Withdrawal fee – cheque

Free

N/A

N/A

Withdrawal fee – direct debit

Free

$0.35 per withdrawal

N/A

Withdrawal fee – EFTPOS, Online

Free

N/A

N/A

Withdrawal fee – local Kiwibank

$0.70 per withdrawal

$0.70 per withdrawal

N/A

Inoperative account fee

On Business Edge accounts, Business Performer accounts and Business Online Call accounts:

You'll get charged an inoperative account fee of $30 per year when you haven’t initiated any transactions for one year and have a balance of less than $200 across all your account(s).

This fee is charged across all your transaction and saving(s) accounts.

If there's less than $30 across all your transaction and savings account(s) we'll take whatever balance is in your account(s).

Account(s) with $0 balance before or after the fee is charged will be closed.

You should note that:

The cash handling fee will apply where you deposit more than $2,000 worth of notes or $200 worth of coins each day or where you withdraw more than $2,000 worth of cash each day. The cheque clearance fee will apply for every cheque you deposit.

There are also Service fees relating to other ATM transactions, for example if you choose to use an overseas ATM.

Free transfers are only between Kiwibank accounts that are in the same name.

Make sure you also look at the sections in this brochure on Service fees and International services fees.

Service fees

The following are the fees you pay for services on Business Edge accounts, Business Performer accounts, Business Online Call accounts and NPO Performer accounts (the fees and costs you pay on overdrafts are set out in the business lending section):

When your account goes into unauthorised overdraft by more than $20 at any time during the month.

$10 per month.

Cash handling fee - deposits

When you deposit cash at your local Kiwibank. Free up to and including $2,000 worth of notes or $200 worth of coins per business per day. If more than $2,000 worth of notes per business per day, then 0.5% of the total value of notes. If more than $200 worth of coins per business per day, then 0.5% of the total value of coins.

Minimum fee $5.

Cash handling fee – withdrawals

When you withdraw cash at your local Kiwibank. Free up to and including $2,000 worth of cash per business per day. If more than $2,000 worth of cash per business per day, then 0.5% of the total value of cash.

Minimum fee $5.

Change order fee

When you order change by internet banking for collection at your local Kiwibank.

$3 per change order for orders up to $2,000. Free for orders greater than $2,000, but the cash handling fee – withdrawals will apply.

The maximum order amount is $3,000.

$15 per change order not collected within two business days of the collection date.

Cheque clearance fee

$1 per cheque.

Dishonour fee

When there isn’t enough money in your account to make an automatic payment, bill payment, direct debit or cheque payment, and the payment isn’t made as a result.

$5 per set up/change when done person to person at your local Kiwibank or over the phone;

$3.50 per change when done using the automated phone banking system; and

Free set up/change when done by internet banking.

This fee also applies if you choose to skip a scheduled payment/transfer. This fee doesn’t apply when you make one-off, manual or ad hoc payments between your accounts, to someone else’s account or to pay a bill.

Bill payee set up and change fee

When you set up or change a bill payee.

Free for 30 days from account opening, then:

$5 per set up/change when done person to person at your local Kiwibank or over the phone;

$2 per set up/change for recurring payments when done by internet banking; and

free for set up/change for one-off payments when done by internet banking.